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Business

Asian stocks up on hope of Citigroup Q1 profit

Asian stocks rose yesterday after hopes that Citigroup Inc will deliver a first-quarter profit sparked an improvement in investor confidence.

Business

MSCI Asia Pacific ex Japan stock index up

Asian stocks rebounded and gold fell yesterday after a report said the US government could end up owning as much as 40% of Citigroup as it seeks to stabilise ailing banks, prompting some investors to dip back into riskier assets.

Business

Food and mobile phone sectors thriving despite economic woes

AT a time when consumer spending is expected to slow down, two sectors seem to indicate they may be relatively resilient - food and beverage (FB) and mobile phone communications.

Business

To invest or not to invest?

Putting one's cash to work during a downturn can be daunting. Hence, people should understand their risk appetite, time horizon and outlook on the market when making invesment decisions.

Business

Temasek portfolio 31% down in eight months: Report

The portfolio of Singapore sovereign wealth fund Temasek Holdings, which helped bail out Wall Street icon Merrill Lynch, fell 31% over eight months last year, a minister said yesterday, according to local radio.

Business

Picking up momentum

The Malaysian stock market opened on a strong note after an extended weekend holiday, buoyed by an attempt for year-end window-dressing.

Business

Grimmest of years ends with ray of hope

Asian shares rounded out their worst year ever yesterday, down 50% after 12 months of financial market and economic turmoil, but optimism that 2009 will be an improvement lifted stocks for a third straight session.

Business

Asia's bull run ends in 2008 with record falls

HONG KONG (AP) - From Tokyo to Mumbai, Asian stocks plunged by record amounts this year as the region's powerhouse economies lost steam and foreign investors pulled billions of dollars from its once-booming markets.

Business

Japanese firms turn to banks for loans

Japanese companies unable to tap credit markets to fund their businesses turned to banks in November while Australia doled out cash to encourage holiday shopping as the global economic outlook worsened.

Business

Asian stock markets slide on three factors

Asian stocks and US equity futures fell sharply yesterday, extending a global stock market slide for a third consecutive day.